No, I don’t mean taking 30-foot bombs that demoralize opponents (although, no doubt Embiid is game for trying it). I mean in having a contract extension off his rookie deal for less than the max, a value contract that allows the Sixers the cap room to secure a title contender around him.
After three seasons in the NBA, Joel Embiid is eligible for a contract extension this summer (one that would be negotiated now but not kick in until the 2018-19 season). Teams lock up their stars at this point, and Embiid is that — he was dominant in the 31 games he played. But it’s 31 games in three seasons, how much do the Sixers want to pay here?
Sixers owner Joshua Harris said extending Embiid is a priority for the team this summer, speaking at a press conference, via the Courier Times.
“Look, I’d just say we want Joel to be on the team for a long time,” Harris said. “We want us all to grow old together. That’s the way I would put it.”
A max contract for Embiid would be five years at about $130 million, an average annual salary of $26 million. Because of his injury history, would he be willing to sign five years at $100 million, maybe with an opt-out after four? That extra cap space may not sound like a lot, it’s not a Curry-level savings, but it would help the Sixers’ team building.
If the two sides can’t reach a deal by Oct. 31 (the deadline), Embiid will play out this season then be a restricted free agent next season. If he stays healthy, he will get a max deal from another team that the Sixers would just match (the Sixers and Embiid could also reach a deal).
The Sixers are not about to let Embiid go, they have their young core they believe they can contend with in a few years. Plus he is a fan favorite. The only question left is cost.